分析师表示，尽管已达到 60% 的目标，但比特币的主导地位可能会继续攀升

加密货币分析师 Benjamin Cowen 表示，比特币 BTC/USD 的主导地位可能会继续攀升，即使它达到了他长期设定的 60% 目标

Cryptocurrency analyst Benjamin Cowen is keeping a close eye on Bitcoin (CRYPTO: BTC) dominance as the Federal Reserve continues to cut interest rates.

随着美联储继续降息，加密货币分析师本杰明·考恩（Benjamin Cowen）密切关注比特币（CRYPTO：BTC）的主导地位。

Here's what Cowen had to say about the matter in his recent YouTube video.

以下是 Cowen 在他最近的 YouTube 视频中对此事的看法。

What Happened: Following the Fed's decision to lower interest rates by 25 basis points, Cowen took to his channel to analyze the potential impact on Bitcoin and the broader crypto market.

发生了什么：在美联储决定将利率降低 25 个基点后，Cowen 通过他的频道分析了这对比特币和更广泛的加密市场的潜在影响。

In his analysis, Cowen highlighted that Bitcoin's dominance has typically peaked — at around 60% — only after quantitative easing starts. However, given the Fed's decision to continue reducing its holdings in Treasury securities and mortgage-backed securities, Cowen sees two possible scenarios playing out.

Cowen 在他的分析中强调，比特币的主导地位通常只有在量化宽松开始后才会达到顶峰（约 60%）。然而，鉴于美联储决定继续减持美国国债和抵押贷款支持证券，考恩认为可能出现两种情况。

One possibility is that Bitcoin's dominance will begin a topping process as the Fed continues to reduce its balance sheet. Another scenario suggests that Bitcoin's dominance might overshoot its peak before settling back.

一种可能性是，随着美联储继续缩减资产负债表，比特币的主导地位将开始见顶过程。另一种情况表明，比特币的主导地位可能会在回落之前超过其峰值。

"This is something that I'm keeping a very, very close eye on. We might see a scenario where Bitcoin continues to rally and it sucks the air out of the room and it continues to drive up its dominance," Cowen said.

“这是我非常非常密切关注的事情。我们可能会看到这样一种情况：比特币继续上涨，它吸走了房间里的空气，并继续提升其主导地位，”考恩说。

The crypto analyst also emphasized monitoring Ethereum's (CRYPTO: ETH) performance against Bitcoin, as it plays a key role in dominance trends. He also recommended dollar-cost averaging in altcoins as the market heads into the post-halving phase.

这位加密货币分析师还强调监控以太坊（CRYPTO：ETH）相对于比特币的表现，因为它在主导趋势中发挥着关键作用。他还建议随着市场进入减半后阶段，对山寨币进行美元成本平均。

"If you're looking at the longer-term time frame, I would say that the safer bet is to dollar-cost average into altcoins over the next six to eight months."

“如果你着眼于更长期的时间框架，我会说更安全的赌注是在未来六到八个月内以美元成本平均投资山寨币。”

Cowen also highlighted a section of the Federal Reserve’s press release, which states that the committee plans to "continue reducing its Holdings of Treasury Securities and agency debt and agency mortgage-backed Securities."

考恩还强调了美联储新闻稿的一部分，其中指出，委员会计划“继续减少其持有的国债、机构债务和机构抵押贷款支持证券”。

"They're not saying that they're going to start QE. They're saying that they're going to continue reducing their holdings. This is very, very important for the crypto market."

“他们并不是说要启动量化宽松。他们只是说要继续减持。这对加密货币市场来说非常非常重要。”

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Benzinga's Take on Cowen's Analysis: Cowen's analysis aligns with the broader narrative in the crypto community, which anticipates a bullish period for Bitcoin and other cryptocurrencies following the Fed's decision to lower interest rates.

Benzinga 对 Cowen 分析的看法：Cowen 的分析与加密社区的更广泛的叙述相一致，该社区预计在美联储决定降低利率后，比特币和其他加密货币将迎来看涨时期。

However, as Cowen himself notes, these patterns could be disrupted by a broader market correction, which would impact both Bitcoin and altcoins.

然而，正如考恩本人指出的那样，这些模式可能会被更广泛的市场调整所扰乱，这将影响比特币和山寨币。

The Fed's decision to lower interest rates comes at a time when the central bank is also engaged in a strategy of quantitative tightening, gradually reducing its holdings of Treasury securities and mortgage-backed securities.

美联储决定降息之际，央行也在实施量化紧缩策略，逐步减少持有的国债和抵押贷款支持证券。

This strategy contrasts with the quantitative easing measures undertaken by the Fed during the COVID-19 pandemic, which involved large-scale purchases of these securities to stimulate the economy.

这一策略与美联储在 COVID-19 大流行期间采取的量化宽松措施形成鲜明对比，后者涉及大规模购买这些证券以刺激经济。

Now, the Fed is gradually unwinding these holdings to curb inflation and return to a more neutral monetary stance.

现在，美联储正在逐步减持这些资产，以抑制通胀并恢复更为中性的货币立场。

While the Fed's actions are primarily intended to influence the traditional financial markets, they also tend to impact the crypto market, given the interconnectedness of financial assets in the digital age.

虽然美联储的行动主要是为了影响传统金融市场，但考虑到数字时代金融资产的相互关联性，它们也往往会影响加密货币市场。